"Yesterday, 150 of our colleagues left the company to pursue opportunities outside. This is a combination of natural redundancies that emerge as we integrate our 5 acquisitions and evolve our businesses, as well as the performance required for the next phase of Practo's growth," a company spokesperson said in an email response.

Practo Lays Off 150 Employees

In line with the company's policy, it provides employees with two months pay, employment, and outplacement services to help them find their next great opportunity, the statement added.

However, the company said it would continue hiring people. "We continue to rapidly grow our consumer and enterprise businesses and will continue to hire talent across the board," the spokesperson said.

Practo has so far raised $179 million in various rounds of funding with the latest round of funding being in January this year.

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